Problem One: On January 1, 2022, Saugatuck Company borrowed $250,000 for years at 6% interest. The loan requires 5 annual payments of $59,349.10 (round computations to the nearest PENNY), 1. Complete the amortization schedule for this loan Cash Payment Interest Expense Decrease in Carrying Value Carrying Value Date 1/11/22 12/31/22 12/3123 12/31/24 12/31/25 12/31/26 Totals 2. Provide the journal entry to record loan at inception L SE R E NI CF Account DR Date 1/1/22 CR Provide the journal entry to record payment at 12/31/2020 Date A SE R 12/31/22 E NI CF Account DR CR Problem Two: On January 1, 2022, Swansea Corporation borrowed $15,000 for 5 years at 4% interest. The loan requires monthly payments of $276.25 (round computations to the nearest PENNY), 1. Complete the amortization schodule for this loan, Date Cash Payment Interest Expense Decrease in Carrying Value Carrying Value 1/1/22 2/1/22 3/1/22 4/1/22 2. Provide the journal entry to record loan at inception L SE Date 1/1/22 R E NI CF Account DR CR 3. Provide the journal entry to record payment at 2/1/22 Date A L SE R E NI CF Account DR CR 2/1/22 Problem Three: On January 1, 2022, The Justice League issued $100,000,9%, four-year bonds Interest is paid semiannually on June 30 and December 31. The bonds were issued al 96768 to yield an annual return of 10%. Required: Prepare the journal entries to record the issuance of the bond on January and interest expense on June 30, 2022 Date L SE R E NI CF Account 1/1/22 DR CR Date 6/30/22